Megafon is discussing with small lending institutions as to the eventual integration of banking services with its telecommunications services.

Seth Klarman's Baupost Group, for only the second time, would return money to its clients. One of the largest hedge funds in the world, Seth Klarman's Baupost Group has nearly USD28 billion in its portfolio, had laid out plans to return money to its clients by the end of 2013.

Subject to board approval, all preparations are being done for the IPO of the Moroccan unit of the Abu Dhabi Energy Corp.

After making its IPO intentions public, the choice of the bourse to register takes centerstage for microblogging service Twitter.

Hersha Hospitality agreed to sell 16 of its properties to a Blackstone Group affiliate. An affiliate of the Blackstone Group LP had agreed to purchase 16 hotels from the Hersha Hospitality Trust for the amount of USD217 million.

In what is called a 'tax efficient spin off', National Oilwell would be letting its distribution business stand alone.

Novamax had share prices advance 66% of pre-IPO prices after close of trading. Novamax, the vaccine manufacturer, announced Tuesday that it is projecting to raise around USD82.

Several top private equity firms had expressed in a convention that Africa would be seeing an influx of investments in the near future.

The sale of Illinois Tool Works' industrial packaging business would affect its overall revenues.

The city morgue of Nairobi had readied itself to receive more dead bodies from the mall attack in Nairobi, Kenya.